Cushman & Wakefield (NYSE:CWK) Sees Unusually-High Trading Volume – Time to Buy?

Cushman & Wakefield PLC (NYSE:CWK) saw unusually-high trading volume on Thursday . Approximately 5,820,851 shares changed hands during mid-day trading, an increase of 226% from the previous session’s volume of 1,783,278 shares.The stock last traded at $12.0220 and had previously closed at $13.97.

Analysts Set New Price Targets

CWK has been the topic of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Zacks Research downgraded shares of Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Wolfe Research raised Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price objective for the company in a research report on Monday, February 9th. Wall Street Zen lowered Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Barclays reaffirmed a “positive” rating and set a $19.00 price target on shares of Cushman & Wakefield in a research note on Tuesday, January 13th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.61.

Cushman & Wakefield Price Performance

The company’s 50-day simple moving average is $16.02 and its 200 day simple moving average is $15.70. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 13.43 and a beta of 1.47.

Institutional Investors Weigh In On Cushman & Wakefield

A number of large investors have recently added to or reduced their stakes in CWK. Wealth Enhancement Advisory Services LLC raised its position in shares of Cushman & Wakefield by 5.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,461 shares of the company’s stock valued at $174,000 after purchasing an additional 600 shares during the period. Nisa Investment Advisors LLC increased its position in Cushman & Wakefield by 12.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,201 shares of the company’s stock worth $99,000 after buying an additional 667 shares during the period. Amalgamated Bank boosted its position in shares of Cushman & Wakefield by 1.2% in the third quarter. Amalgamated Bank now owns 66,655 shares of the company’s stock valued at $1,061,000 after acquiring an additional 821 shares during the period. Cerity Partners LLC grew its stake in shares of Cushman & Wakefield by 7.4% in the fourth quarter. Cerity Partners LLC now owns 12,572 shares of the company’s stock worth $204,000 after acquiring an additional 865 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Cushman & Wakefield by 18.3% in the third quarter. GAMMA Investing LLC now owns 5,612 shares of the company’s stock worth $89,000 after acquiring an additional 867 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Company Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.